China Faces Slowdown as Property and Exports Cool: Daily

China must take precautions to stabilize growth and ensure employment given the possible declines in real estate investment and external demand in H2, especially in Q4, the Economic Information Daily said in a front-page commentary. China should speed up the issuance of local government special bonds to boost infrastructure investment and maintain a relatively loose monetary policy to support SMEs in difficulties, the newspaper said. China needs to boost demand and investment, the daily said. As longer term strategies, China should find new growth drivers and reform to activate the rural land market and develop metropolitan circles, as well as reduce the costs of raising children, further liberalize market access for power, telecommunications, railways, and petroleum, the newspaper said.